Word: fraud
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...words Medicare savings are a red flag to some and a carrot to others; depending on where you stand on the issue of health-care reform, the label is code for cuts or a promise to root out fraud and save billions. But far away from the debates in Washington, a group of expatriate baby boomers point to one place they believe real Medicare savings could be realized: Mexico...
...already feel like a financial ingenue in the wake of last year's Wall Street meltdown and Bernie Madoff's massive Ponzi scheme, maybe the government's latest insider-trading case will help put you over the top. Federal prosecutors have charged six people with conspiracy and securities fraud in a series of insider trades that allegedly netted more than $25 million in illegal profits. The defendants include higher-ups at two hedge funds as well as executives at Intel, IBM and the consulting firm McKinsey. Rajaratnam was arrested with the others on Oct. 16, but he promptly paid...
...acceptance by Afghanistan's President Hamid Karzai that ballot fraud has stripped him of his first-round re-election victory potentially removes the last obstacle cited by the Obama Administration to sending thousands more U.S. troops into the war. White House chief of staff Rahm Emanuel said over the weekend that reinforcements could not be sent until the allegations of electoral fraud had been resolved, because the U.S. counterinsurgency strategy depends on defending a legitimate government. But the Afghan electoral commission's ruling that, after fraudulent ballots were discarded, Karzai had failed to win an outright majority in the first...
...Indeed, for purposes of creating a representative government as the foundation of U.S. counterinsurgency strategy, the key flaw of Afghanistan's August election was not the widespread ballot fraud; it was the fact that almost 3 out of 4 voters didn't show up at the polls because of the Taliban security threat. So, while a runoff election might satisfy the fraud complaints, it won't make the resulting government much more representative unless millions more voters show up at the polls this time. But the deteriorating security situation and limits of the appeal of both candidates give little reason...
...incomplete audit process now under way, Afghanistan's internal peace will depend on Karzai's opponents accepting - or at least tolerating - the outcome. Karzai's main opponent, Abdullah Abdullah, has said publicly that he does not believe the U.N.'s envoy is neutral. By failing to address the obvious fraud in Afghanistan's elections, the U.N. has lost credibility that is desperately needed for it to act as a postelection peacemaker...